December 2017 Editors Comments

Thursday, 02 November 2017 07:07 Melissa Moore

Special Historical Reports

Hottest off the press:

2017 Historical Indices: this 186-page volume contains seasonal analysis of the major US stock indices futures, such as S&P500, DJIA, NASDAQ 100, Russell 2000, S&PMidcap 400, and also several of the major international indices; with 170 trading strategies for year-round trading ideas.

Recently published:

2017 Historical Metals: this 84-page volume contains seasonal analysis for gold, silver, platinum, and copper; seasonal patterns and weekly charts for each delivery month; includes 72 seasonal and spread strategies for year-round trading ideas.

2017 Historical Interest Rates: this 222-page volume of seasonal analysis for not only US Treasury bonds and notes and Eurodollars but also several international sovereign debt instruments; with 206 seasonal and spread strategies for year-round trading ideas; also introduces ratio spreads recognized by US exchanges for margin purposes.

CRB & Physical Commodities

Does the bull return?  Yes, you might think this is Version 20.0 of that question.  So, first the CRB facts:

After declining from its all-time high in 2011, the CRB Index fell to a double-bottom low of 155 in Jan/Feb 2016.  Upon recovering to 195, the Index fell once again but this time to only 166.48 in June 2017.

On Halloween 2017, it made a new high for its recent move, closing at 187.56.  The 50-day moving average (dma) was 182.70.  The 200-dma was 182.40.  Price >> 50-dma >> 200-dma.

At 187, the CRB is poised to challenge major resistance at 195 a breakout above which confirms an intermediate.

What could drive it?  Metals gold, silver, platinum, copper are normally strong going into the new year.  (Dr.) Copper has been especially strong of late.  Soybeans and corn typically enjoy post-harvest recoveries.

Energies are normally weak from at least mid October into mid December, but they have been unusually strong, with crude trading up to $55/bbl on November 1.  National politics are in turmoil, and a new Fed chair is to be named.  Chaos?

All will eventually be revealed, but, until then, maybe we should be ready to ...

Trade 'em,

Jerry Toepk
Last Updated on Thursday, 02 November 2017 07:18